Question

What are two ways classifications can be tied to a sales transaction? Choose 2 answers

A. Subsidiary may be input on the line level
B. Department is only selected at the line level
C. Class can only be assigned at the header level
D. Subsidiary populates in the header from the customer
E. Location can be assigned the header or at the line level

Answer 1

Classifications in a sales transaction are used for accounting and tracking. A subsidiary is populated in the header from the customer's data, and location can be assigned at either the header or line level.

Step-by-step explanation:

In the context of a sales transaction, classifications refer to the way various aspects of the transaction are categorized for accounting and reporting purposes. Two ways classifications can be tied to a sales transaction are:

• Subsidiary populates in the header from the customer, meaning that the subsidiary information is automatically filled in based on the customer's data at the overall transaction level (the header).
• Location can be assigned either at the header or at the line level, giving flexibility to specify the location for the entire sale or for individual items within the sale.

This granularity in classification allows for precise tracking of sales data, which is critical for organizational financial analysis and reporting.